D-Wave Quantum Inc. (NASDAQ: QBTS) has executed a definitive agreement with the U.S. Department of Commerce, securing access to up to $100 million in funding under the U.S. CHIPS and Science Act. The agreement, announced on September 14, 2026, follows a previously announced Letter of Intent and marks a significant federal investment in quantum computing, a technology increasingly viewed as critical to national security and economic competitiveness.
The funding will support D-Wave’s efforts to expand domestic quantum capabilities, strengthen the underlying supply chain, and bring more powerful quantum systems to market. As the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services, D-Wave is uniquely positioned to advance scalable, commercial-ready quantum solutions. The company’s technology is already used by more than 100 organizations across commercial, government, and research sectors.
“We’re grateful to the U.S. government for this award to D-Wave and for the leadership it is demonstrating in advancing quantum innovation,” said Dr. Alan Baratz, CEO of D-Wave. “The Administration has made clear that U.S. quantum leadership will require not only breakthrough research, but also the ability to scale, commercialize and manufacture these technologies. This award will help fulfill that mission by expanding domestic quantum capabilities, strengthening the underlying supply chain and bringing increasingly powerful quantum systems to market.”
The implications of this award extend beyond D-Wave. It signals a broader federal commitment to nurturing a domestic quantum ecosystem, reducing reliance on foreign supply chains, and ensuring that the United States remains at the forefront of a technology with potential applications in logistics, drug discovery, materials science, and artificial intelligence. By providing D-Wave with substantial resources, the government aims to accelerate the transition of quantum computing from laboratory research to real-world industrial use.
For D-Wave, the funding provides a financial boost that could speed up product development and commercialization. The company’s Leap quantum cloud service, which offers 99.9% availability and uptime, is a key part of its strategy to make quantum computing accessible today. With this federal backing, D-Wave can further invest in its dual-platform approach, which combines annealing and gate-model systems to address a wider range of computational problems.
The award also underscores the growing recognition that quantum computing is not just a scientific curiosity but a strategic asset. As other nations ramp up their own quantum initiatives, the U.S. investment through the CHIPS and Science Act is intended to maintain American leadership in a field that could reshape entire industries. The agreement with D-Wave is a concrete step toward that goal, with the potential to create jobs, foster innovation, and enhance national security.
For more details, the full press release is available at https://ibn.fm/XPNic. Additional information about D-Wave can be found at https://www.dwavequantum.com. The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS. Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: https://IBN.ai/Disclaimer.
